Market summary 25 August 2023
Today showed that the market is facing some selling pressure. Despite excitement about $NVIDIA (NVDA.US)$ , big investors seemed to sell a lot of their stocks. Only three main stocks, including NVDA, ended in the green. The Nasdaq, which is a big part of the market, went down by over 2%. Many popular growth stocks dropped by more than 3%, even after starting the day with gains.It's also important to note that there were more stocks hitting their lowest prices in a year than those reaching their highest. This doesn't mean the market will surely drop, but it does hint at potential instability and quick downward shifts.I believe that we need to hear some positive news from Powell's speech tomorrow to prevent further declines. Looking at the current data, the market seems to be in a weak spot.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more6
Silverbat : See higher closing aft his speech
Nigel Chong 庄证评 OP Silverbat : Lets see!! hopefully it closes higher
Dumb Money Space Ape : Spam
Nigel Chong 庄证评 OP Dumb Money Space Ape : I believe you are spamming